This one is not for the faint of heart!!! It's rich and delicious, and packs a lot of flavor, and the smells of bacon and onion will perfume your house for hours if not days. It's yummy as a spread on toast, in a taco or wrap as a spread, or as a layer in a new twist on the BLT.
2 pounds of bacon
4 large onions
1/3 cup of packed brown sugar
2 tablespoons of balsamic vinegar
1 tsp. thyme
1/2 cup water
Start by dicing the bacon into small pieces and saute it all in a large pan until it's just shy of crisp. Drain the bacon pieces on paper towels to get rid of excess grease.
Drain off most of the fat from the pan, leaving about 1 or 2 tablespoons to saute the onions.
Dice the onions and add to the bacon fat, tossing till they're all coated in the bacon grease. Then cover and put on low heat. Stir every 5 minutes or so for about 30 minutes, until they get nice and carmelized. Then add back in the bacon and all the other ingredients. Stir well and let the mixture simmer on low heat with a tight cover on for about 10 minutes. Then lift the cover and continue to simmer over low heat until the water is mostly absorbed and it takes on the texture of a thick jam.
You can serve this hot or at room temperature. It can be stored in an airtight container in the fridge for up to 2 weeks.
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